The currency’s value in circulation has risen to N3.97 trillion at the end of May, representing an all-time high and a 1.07 percent increase over the previous month. The data released on the Central Bank of Nigeria website indicated that…
By Matthew Denis, Abuja Contrary to reports making rounds, the Central Bank of Nigeria (CBN) has dismissed a purported sack of the current board and management of Unity, Keystone and Polaris Banks. Speaking on Monday Night with our correspondent on…
The Naira posted significant losses against the haven currency at the last reading session of the week as investors increased their buying pressure on the greenback. The Naira lost ground against the dollar in the black market, falling from N1,485…
Nigeria’s Gross Domestic Product per capita is expected to reach $1,120.67 by 2029, according to the International Monetary Fund. The IMF data revealed a fluctuating trend in Nigeria’s GDP per capita since 2014, with a high of $3,222.69 in 2014…
By Opeyemi Abdulsalam Minister of Finance and Coordinating Economy, Wale Edun, has expressed optimism that the economic reforms introduced in the past year by President Bola Tinubu will yield long-term benefits, His statement is coming despite the current economic austerity…
Amidst Nigeria’s struggles to stabilise its exchange rate, the Naira has failed to make the list of Representative Exchange Rates for Selected Currencies for June 2024, published by the International Monetary Fund. The list, which includes currencies from around the…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, joined the rest of the world to commemorate the 2024 Children’s Day, by hosting a fun-filled event at the National Stadium, Surulere, Lagos, on Monday for the children. UBA partnered with…
Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Commenting on the award, the Group Managing Director/Chief Executive Officer of Zenith Bank, Dame…
By Abdulsalam Abdullahi The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has attributed the significant increase in tax revenue to the economic parameters set by President Bola Tinubu. In an interview, Adedeji stated that the President’s courageous…
The Association of Bureau De Change Operators of Nigeria has demanded that the Central Bank of Nigeria reverse the new capital requirement for its operations. In a circular issued, the CBN issued fresh guidelines for the operations of the Bureau…
